Pinion Investment Advisors LLC purchased a new position in shares of Chubb Limited (NYSE:CB – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,807 shares of the financial services provider’s stock, valued at approximately $524,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of CB. GQG Partners LLC increased its holdings in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares during the last quarter. Nuveen LLC acquired a new position in Chubb during the 1st quarter worth $562,221,000. Demars Financial Group LLC boosted its position in Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the period. Ameriprise Financial Inc. boosted its position in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares during the period. Finally, Cohen Investment Advisors LLC boosted its position in Chubb by 2,408.4% during the 1st quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock worth $88,456,000 after acquiring an additional 281,234 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Chubb news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on CB
Chubb Stock Performance
Shares of NYSE CB opened at $284.13 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $113.28 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 3.23 and a beta of 0.54. The business’s 50-day simple moving average is $276.36 and its 200-day simple moving average is $282.07. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.
Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.38 EPS. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio is presently 17.12%.
Chubb Company Profile
Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.
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